Gross Federal Debt: That’s the gross amount of debt outstanding issued by the US Treasury. “Debt held by the public” and “debt held by federal government accounts” here are components of Gross Federal Debt.
At the end of FY 2023 the federal debt was $32.99 trillion.
At the end of FY 2024 federal debt is “guesstimated” to amount to $35.11 trillion. Thus far, on 2024-04-29, the federal debt is $34.56 trillion. See Coronavirus Update page.
Here is the gross federal debt by year for the last decade:
|
Click for federal debt from 1960 to present.
Also, see
National Debt,
State Debt,
Local Debt,
Agency Debt, and
Federal Deficit.
Tweet | | Contact | Follow @chrischantrill |
Today the Federal Debt is about $34,562,760,121,518.06.
The amount is the gross outstanding debt issued by the United States Department of the Treasury since 1790 and reported here.
But, it doesn’t include state and local debt.
And, it doesn’t include so-called “agency debt.”
And, it doesn’t include the so-called unfunded liabilities of entitlement programs like Social Security and Medicare.
Federal Debt per person is about $105,923.
Chart D.19f: OMB Federal Debt Forecasts
Every year in the federal budget the Office of Management and Budget publishes "Table 7.1 - Federal Debt at the End of Year" that projects federal debt out five years. In the FY25 budget Table 7.1 (xlsx) provides estimates of federal debt out through FY 2029.
Chart D.18f shows the OMB federal debt forecasts for the FY2022, FY2023, FY2024, and FY2025 budgets. The actual historical federal debt up to end-of-year for FY2023 is shown in yellow.
Find DEFICIT stats and history.
US BUDGET overview and pie chart.
Find NATIONAL DEBT today.
See FEDERAL BUDGET breakdown and estimated vs. actual.
Check STATE debt: CA NY TX FL and compare.
See DEBT ANALYSIS briefing.
See DEBT HISTORY briefing.
Take a COURSE at Spending 101.
Make your own CUSTOM CHART.
Debt data is from official government sources.
Gross Domestic Product data comes from US Bureau of Economic Analysis and measuringworth.com.
Detailed table of debt data sources here.
Federal debt data begins in 1792.
State and local debt data begins in 1820.
State and local debt data for individual states begins in 1957.
Debt Now: | $34,562,760,121,518.06 | Debt 2/2020: | $23,409,959,150,243.63 |
Take a course in government spending:
Spending |
Federal Debt |
Revenue
Defense |
Welfare |
Healthcare |
Education
Debt History |
Entitlements |
Deficits
State Spending |
State Taxes |
State Debt
It’s free!
File a valid bug report and get a $5 Amazon Gift Certificate.
Price: $0.99 Or download for free. |
From usgovernment spending.com Price: $1.99 |
Life after liberalism Price: $0.99 Or download for free. |
Sources for 2019:
GDP, GO: GDP, GO Sources
Federal: Fed. Budget: Hist. Tables 3.2, 5.1, 7.1
State and Local: State and Local Gov. Finances
'Guesstimated' by projecting the latest change in reported spending forward to future years
Sources for 2029:
GDP, GO: GDP, GO Sources
Federal: Fed. Budget: Hist. Tables 3.2, 5.1, 7.1
State and Local: State and Local Gov. Finances
'Guesstimated' by projecting the latest change in reported spending forward to future years
> data sources for other years
> data update schedule.
On March 11, 2024, we updated usgovernmentspending.com with the numbers from the Public Budget Database in the Budget of the United States Government for Fiscal Year 2025.
Here is how headline budget estimates for the upcoming FY 2024 fiscal year have changed since the release of the FY 2024 budget a year ago in Winter 2023.
$ billion | Estimate for 2024 in FY2024 Budget | Estimate for 2024 in FY2025 Budget | Change |
Federal Outlays | $6,371.8 | $6,940.9 | +$569.1 |
Federal Receipts | $4,802.5 | $5,081.6 | +$279.1 |
Federal Deficit | $1,569.4 | $1,859.4 | +$290.0 |
You can see line item changes from budget to budget here. You can compare budget estimates with actuals here.
Account level spending estimates through FY 2029 come from the Outlays table in the Public Budget Database and were updated on usgovernmentspending.com on March 11, 2024.
Account level budget authority estimates through FY 2029 come from the Budget Authority table in the Public Budget Database and were updated on usgovernmentspending.com on March 11, 2024.
> blog
President’s FY 2025 Budget Release Scheduled for March 11
Although the FY 2024 appropriations process is not yet resolved
Biden to Release Budget March 9
will press McCarthy On Default Risk - Bloomberg
Biden to Release 2023 Budget Request on March 28
how the administration expects to spend money for priorities including aid to Ukraine and the continuing effort to fight the coronavirus pandemic, as well as legislative proposals such as increased funding for community policing programs, cancer research, and mental health education.
> archive
us numbers • us budget • custom chart • deficit/gdp • spend/gdp • debt/gdp • us gdp • us real gdp • state gdp • breakdown • federal • state • local • 2022 • 2023 • 2024 • california • texas